My husband and I planned to buy a live in flip this year in Houston.

I own properties in the west Houston areas of Katy and Cypress.

I work for a small builder in Houston, and we are doing remediation work on flooded homes.

People in Houston didn't have flood insurance because just as you said "not sure there is much of a risk"my house was flooded in NC during hurricane Matthew last year, not in a flood zone because "not sure there is much of a risk"If there is no mortgage, I don't believe you need insurance legally, whether or not you get it is 100% up to you.

Hi all - our personal home got completely flooded in Hurricane Harvey.  We are setting up for the next 6-12 months in a rental town home.  We need a fridge.  We don't want to spend too much, because we'll probably sel...

Hello all, I am moving to Houston (77055...

Alex this is simply landlording  does not matter how you come about it or where you choose to do it.houses take maintenance  they take effort to keep on top of .. .tenants trash places.. tenants skip on rent etc etc all of this effects the bottom line.. no matter how you bought them where you bought them etc.Just think of those poor investor who flocked to Houston and have no flood insurance.. they are about to get totally wiped out.. never will be able to recover .. as cash flow will never equal there loss's or it will take 30 years.. how was anyone to know that was a poor investment at the time.. 

Dear Houston,I have seen posts on here asking questions about how we can benefit from your loss.

How you ultimately financed it, upfront when you purchased it (or how you might refinance it later) is irrelevant.Just do a simple search on the internet for depreciating rental real estate property, you will find a virtually limitless number of sources that can explain basic depreciation mechanics - its not rocket science.

What's everyone's opinion on the Houston foreclosure market coming in the near months?